The Investor Compensation Company Limited ("ICC") is established for the administration of claims against the Investor Compensation Fund ("Fund"). We are a wholly-owned subsidiary of the Securities and Futures Commission.

Prior to the enactment of the Securities and Futures Ordinance, there were two investor compensation schemes in Hong Kong covered by the Unified Exchange Compensation Fund ("UECF") and the Commodity Exchange Compensation Fund ("CECF"). The UECF and CECF were previously managed by the Stock Exchange of Hong Kong Limited and the Hong Kong Futures Exchange Limited respectively. The UECF and CECF provided compensations on a per-intermediary basis. In case of default, a total maximum compensation of HK$8 million would be provided for all investors in each exchange participant, and a total maximum compensation of HK$2 million for all investors in each futures brokerage firm.

The Investor Compensation Fund is established by the Securities and Futures Ordinance on 1 April 2003 and replaced the UECF and the CECF. It is now a single fund that covers defaults of exchange participants and non-exchange participants including licensed intermediaries and authorized financial institutions. The compensation is applied on a per-investor basis. For defaults occurring on or after 1 January 2020, the compensation limit is raised from HK$150,000 to HK$500,000 for trading securities and futures contracts respectively.